GREGORY M. LARSON - 15 Mar 2025 Form 4 Insider Report for EXPAND ENERGY Corp (EXE)

Role: VP-Accounting & Controller
Signature: Michael D. May For: GREGORY M. LARSON
Issuer symbol: EXE
Transactions as of: 15 Mar 2025
Net transactions value: -$86,800
Form type: 4
Filing time: 17 Mar 2025, 16:07:44 UTC
Previous filing: 30 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXE	Common Stock	Options Exercise	$0	+1,356	+15%	$0.000000	10,204	15 Mar 2025	Direct	F1
transaction	EXE	Common Stock	Options Exercise	$0	+215	+2.1%	$0.000000	10,419	15 Mar 2025	Direct	F2
transaction	EXE	Common Stock	Award	$0	+2,460	+24%	$0.000000	12,879	15 Mar 2025	Direct	F3
transaction	EXE	Common Stock	Tax liability	$46,991	-458	-3.6%	$102.60	12,421	15 Mar 2025	Direct	F4
transaction	EXE	Common Stock	Tax liability	$39,809	-388	-3.1%	$102.60	12,033	15 Mar 2025	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXE	Performance Share Unit	Options Exercise	$0	-678	-100%	$0.000000	0	15 Mar 2025	Common Stock	1,356		Direct	F1
transaction	EXE	Performance Share Unit	Options Exercise	$0	-339	-100%	$0.000000	0	15 Mar 2025	Common Stock	215		Direct	F2
transaction	EXE	Performance Share Unit	Award	$0	+1,230		$0.000000	1,230	15 Mar 2025	Common Stock	1,230		Direct	F6
transaction	EXE	Performance Share Unit	Award	$0	+1,230		$0.000000	1,230	15 Mar 2025	Common Stock	1,230		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period. Effective March 15, 2025, the Reporting Person was entitled to receive 1,356 shares of common stock, before tax withholding obligations.
F2	Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period. Effective March 15, 2025, the Reporting Person was entitled to receive 215 shares of common stock, before tax withholding obligations.
F3	Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
F4	These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the vesting of a previously disclosed performance share unit award.
F5	These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock unit award.
F6	Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period.
F7	Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.